In July, the first month of the fiscal year, General Fund revenues were about $1.8 million below projections.

Spaulding says the results reinforce the need to implement a spending reduction plan.

The state had projected this year’s state revenues to grow 4.8 percent over last year, but last month officials reduced that estimate to 3 percent, leaving the state with about $31 million less to spend.

At the time, Gov. Peter Shumlin told state agency heads to reduce their budgets by 4 percent.

Spaulding says the transportation and education funds came in ahead of projections.